Chibamba Kanyama wrote....
My young brother Sean Tembo, the PEP leader, is on record stating that the International Monetary Fund (IMF) will scrap the Social Cash Transfer(SCT) in the event Zambia acquires the Extended Credit Facility (programme).
Chibamba Kanyama wrote.....
Speaking on Radio Phoenix ‘Let the People Talk’, PEP President Sean Tembo encouraged the new Government to resist taking on an IMF Programme, emphasizing the benefits of the commercial (Eurobond) Market as a much more flexible source of funding to Government. He said several things that were not realistic such as Zambia’s financial position, saying there was no debt problem.
President Hakainde Hichilema assured the investor community that all creditors will be paid via Twitter after Zambia's dollar bonds slightly experienced a sell off when word went round that Zambia’s debt burden is bigger than previously thought. President Hichilema disclosed the fact that the UPND Alliance had inherited an "empty treasury" from the Patriotic Front (PF) government which is why a serious series of intensive audit will be carried in order to know how deep the hole is.
